OREANDA-NEWS. June 15, 2010. SEB group plans to expand Skandinaviska Enskilda Banken AB Vilnius Branch, established in Lithuania, by creating new units of Operations, IT and other business support units engaged in providing services to the SEB Group and its clients outside Lithuania. SEB Group’s plans are described in a letter of intent signed with the Lithuanian Economy Ministry in Vilnius, reported the press-centre of SEB Group.

By expanding Skandinaviska Enskilda Banken AB Vilnius Branch in Lithuania, SEB plans to create 30 new full-time working places during 2010 for providing operations, IT and other business support services. SEB plans to create up to 150 full-time jobs to employ high quality specialists until the end of 2012 in SEB’s Vilnius Branch.

For the establishment of new working places in the Branch it is planned to grant a direct state subsidy of LTL 175 thousand.

„SEB has always stressed that the Baltic countries are home markets for SEB. SEB continues to look for long-term development opportunities in Lithuania. Therefore, two years ago SEB decided to develop not only banking services provided to Lithuania‘s customers, but also to transfer some of business support functions from Sweden to Lithuania“, – says Martin Johansson, Head of SEB Baltic Division.

“This investment shows that Lithuania is attractive not only to set up IT service centers, but also to expand the operations of financial services”, - says Deputy Minister of Economy Arnoldas Burkovskis.

In order to strengthen the integration of operations across the SEB Group and to use the available knowledge, expertise and competence SEB established an operations centre in Vilnius (Skandinaviska Enskilda Banken AB, Vilnius Branch) in 2008. The Branch took over the functions of the account management operations centre in Stockholm.